Example financial statements

The IFRS team at Grant Thornton Australia produces example financial statements to illustrate the application of the requirements in Australian Accounting Standards (AASBs) which incorporate International Financial Reporting Standards (IFRSs) as issued by the International Accounting Standards Board (IASB).

While we are pleased to report that there are only a few limited scope amendments applying for the first time to financial years ending 30 June 2017, it is important to recognise that this is a period of ‘calm before the storm’. The next wave of IFRSs is just around the corner with four major accounting standards on revenue, financial instruments, leases and income of not-for-profit entities coming into effect in the next couple of years.

These standards are expected to have the greatest impact on financial statements since Australia’s adoption of IFRSs in 2005. As we move closer to the mandatory implementation of these standards, regulators are increasing pressure on businesses to carefully assess the impact of these standards, prepare for implementation, and make clear disclosures on the likely impact on financial statements and transaction documents pre-adoption. Accordingly, it is paramount that businesses use this period of calm to fully understand these changes and start developing their detailed implementation plans.

Example Financial Statements for the year ended 31 December 2016

Grant Thornton Australia has prepared a number of Example Financial Statements for the year ended 31 December 2016, which have been tailored to suit a number of different scenarios. You can access them via the links below:

Example Financial Statements for the year ended 30 June 2016

Grant Thornton Australia has prepared a number of Example Financial Statements for the year ended 30 June 2016, which have been tailored to suit a number of different scenarios. You can access them via the links below:

Example Financial Statements for the year ended 31 December 2015

Grant Thornton Australia has prepared a number of Example Financial Statements for the year ended 31 December 2015, which have been tailored to suit a number of different scenarios. You can access them via the links below:

Example Financial Statements for the year ended 30 June 2015

Grant Thornton Australia has prepared a number of Example Financial Statements for the year ended 30 June 2015, which have been tailored to suit a number of different scenarios. You can access them via the links below:

Example Financial Statements for the year ended 31 December 2014

Grant Thornton Australia has prepared a number of Example Financial Statements for the year ended 31 December 2014, which have been tailored to suit a number of different scenarios. You can access them via the links below:

Example financial statements for the year ending 30 June 2014

Grant Thornton Australia has prepared a number of Example Financial Statements for the year ended 30 June 2014, which have been tailored to suit a number of different scenarios. You can access them via the links below:

Example Financial Statements for the year ended 31 December 2013

Grant Thornton Australia has prepared a number of Example Financial Statements for the year ended 31 December 2013, which have been tailored to suit a number of different scenarios. You can access them via the links below:

Example financial statements for the year ending 30 June 2013

Grant Thornton Australia has prepared a number of Example Financial Statements for the year ended 30 June 2013, which have been tailored to suit a number of different scenarios. You can access them via the links below:

Example financial statements for the year ending 31 December 2012

Grant Thornton Australia has prepared a number of Example Financial Statements for the year ended 31 December 2012, which have been tailored to suit a number of different scenarios. You can access them on the links below:

Example financial statements for the half-year ending 31 December 2012Grant Thornton has prepared Example Interim Financial Statements, which have been tailored to suit a number of different scenarios. You can access them on the links below:

Example financial statements for the year ending 30 June 2012

Grant Thornton Australia has prepared a number of Example Financial Statements for the year ended 30 June 2012, which have been tailored to suit a number of different scenarios. You can access them on the links below:

Example interim consolidated financial statements Grant Thornton has prepared Example Interim Financial Statements, which have been tailored to suit a number of different scenarios. You can access them on the links below:

Example financial statements for the year ending 31 December 2011

Grant Thornton Australia has prepared a number of Example Financial Statements for the year ended 31 December 2011, which have been tailored to suit a number of different scenarios. You can access them on the links below:

Example consolidated financial statements for the year ending 30 June 2011

Grant Thornton Australia has also prepared a number of Example Financial Statements for 30 June 2011, which have been tailored to suit a number of different scenarios. You can access them on the links below:

Illustrative example of general purpose financial statements for the year ended 30 June 2011 prepared in accordance with the Financial Reporting Act 1993, the Companies Act 1993, applying New Zealand equivalents to International Financial Reporting Standards (NZ IFRS).

This document illustrates a set of IFRS consolidated financial statements for the 12 month period ended 31 December 2008. This includes the early adoption of IAS 1(AASB 101) Presentation of Financial Statements and IFRS 8 (AASB 8) Operating Segments.